Christmas just keeps on coming

Christmas just keeps on coming

Its Christmas 2013 and the news headlines are filled with stories about two companies in particular: FedEx and UPS.  It turns out that both companies had notable delays in Christmas package shipments – most arriving within a few days after Christmas day.  According to...
The Art of “Think Different”: Juxtaposition

The Art of “Think Different”: Juxtaposition

Steve Jobs implored us to “Think Different” in his famous ad campaign of 1997 and thus ushered in one of the greatest corporate comebacks of all time.  In business we are constantly told to be creative thinkers, to expand our mindsets.  Yet to me this is a bit like...
Show me the Money(ball)

Show me the Money(ball)

Last week the movie Moneyball was released, starring Brad Pitt.  I have not yet seen the movie, but I did read the book, and believe me, it tells an extremely compelling story.  In the late 1980’s/early 1990’s the manager of the Oakland Athletics baseball...
Profit From Science

Profit From Science

On September 15, 2015 Publisher Palgrave MacMillan released in the U.S.  “Profit From Science” by George Danner. It is scheduled for global release on October 15, 2015. Profit From Science debuted at #1 on Amazon as a New Release: Business Mathematics....
Breaking Bad Forecasting

Breaking Bad Forecasting

Most forecasting is a complete waste of time.  Worse yet, In some cases it is even misleading.  I’ve seen more sins committed under the banner of forecasting than any other body of analytics.  Why is this? Forecasting is the “PowerPoint” of analytics – almost anyone...
Its about Measurement, Stupid

Its about Measurement, Stupid

With all of this talk about Big Data and powerful analytics, one item that gets lost in the discussion: measurement.  In corporate terms, that means systematically collecting all kinds of data in real time about the firm and its business activities.  Most companies do...

Analytics at the Speed of Life

Big Data is all the rage right now, the subject of every notable tech conference these days.  Don’t get me wrong – I think Big Data is very important, a technology that is just coming into its own, and a boon to people like me, who live and die on data.  Data is the...

Practice, Practice…

In my last blog entry I talked a bit about how sports teams differ from businesses – with a particular emphasis on “studying your opponent” using data and analytics.  Having worked with professional sports a time or two I’ve come across another distinct difference:...

Tools of the Trade

Alan and I are often asked about the software and hardware that we use in our daily work to build simulations.  I suppose that’s not an unexpected question — like a skilled carpenter being asked what kinds of power tools he prefers.  People are thinking, “these...